Form 8-K

8-K — Delek Logistics Partners, LP

Accession: 0001628280-26-052893

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001552797

SIC: 4610 (PIPE LINES (NO NATURAL GAS))

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — dkl-20260805.htm (Primary)

EX-99.1 (dkl-ex991xearningsreleasex.htm)

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GRAPHIC (globea20.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: dkl-20260805.htm · Sequence: 1

dkl-20260805

0001552797false00015527972026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

August 5, 2026

Date of Report (Date of earliest event reported)

DELEK LOGISTICS PARTNERS, LP

(Exact name of registrant as specified in its charter)

Delaware

001-35721

45-5379027

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

310 Seven Springs Way, Suite 500

Brentwood Tennessee

37027

(Address of Principal Executive)

(Zip Code)

(615) 771-6701

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Units Representing Limited Partner Interests DKL New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02 Results of Operations and Financial Condition

On August 5, 2026, Delek Logistics Partners, LP (the "Partnership") announced its financial results for the quarter ended June 30, 2026. The full text of the press release is furnished as Exhibit 99.1 hereto.

The information in the attached Exhibit is being furnished pursuant to Item 2.02 “Results of Operations and Financial Condition” on Form 8-K. The information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, each as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1

Press Release of Delek Logistics Partners announcing financial results issued on August 5, 2026.

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 5, 2026

DELEK LOGISTICS PARTNERS, LP

By: Delek Logistics GP, LLC

its General Partner

/s/ Robert Wright

Name: Robert Wright

Title: Executive Vice President and Chief Financial Officer

EX-99.1

Filename: dkl-ex991xearningsreleasex.htm · Sequence: 2

Document

Exhibit 99.1

Delek Logistics Reports Second Quarter 2026 Results

•Delek Logistics reported net income of $28.9 million or $0.54 per unit, and adjusted EBITDA of $143.5 million

•Nearing completion of the integrated sour gas processing, treating, and handling solution at the Libby Gas Complex

•DDG achieved record crude oil gathered volumes, reflecting strong commercial execution across the crude gathering platform

•Strong year-to-date operational performance supports reiterating 2026 EBITDA guidance of $520 million to $560 million.

•Successfully refinanced portions of our capital structure, extending debt maturities while reducing interest expense

•Continued our consistent distribution growth with our 54th consecutive quarterly increase to $1.135/unit

BRENTWOOD, Tenn., August 5, 2026 -- Delek Logistics Partners, LP (NYSE: DKL) ("Delek Logistics") today announced its financial results for the second quarter 2026.

“Delek Logistics delivered another strong quarter in 2026, underscoring the durability of our integrated crude, gas, and water platform and the growing contribution from third-party cash flows. As we continue positioning Delek Logistics for long-term success, we are pleased to announce that Mark Hobbs has transitioned into the role of Executive Vice President of DKL, and that Kris Kindrick has joined Delek Logistics Partners as Senior Vice President, Commercial. These changes reflect our ongoing investment in commercial leadership and the expertise needed to support our growth strategy,” said Avigal Soreq, President of Delek Logistics’ general partner.

“With the near completion of the integrated sour gas system at the Libby Complex and growing demand for our sour gas treating and acid gas injection capabilities, DKL is increasingly positioned as a differentiated Delaware Basin midstream platform with a clear path to long-term value creation.”

“We are reaffirming our 2026 EBITDA guidance of $520 to $560 million, supported by a more diversified cash flow profile, disciplined management of liquidity and leverage, and the strategic progress made to enhance DKL’s standalone financial profile. As we enter the second half of the year, we remain focused on executing against our growth opportunities, optimizing our asset base, and continuing to deliver attractive returns to unitholders," Mr. Soreq continued.

Delek Logistics reported second quarter 2026 net income of $28.9 million or $0.54 per diluted common limited partner unit. This compares to net income of $44.6 million, or $0.83 per diluted common limited partner unit, in the second quarter 2025. Net cash provided by operating activities was $71.2 million in the second quarter 2026 compared to $107.4 million in the second quarter 2025. Distributable cash flow, as adjusted was $80.5 million in the second quarter 2026, compared to $72.5 million in the second quarter 2025.

For the second quarter 2026, earnings before interest, taxes, depreciation and amortization ("EBITDA") was $120.0 million compared to $96.6 million in the second quarter 2025. The increase was primarily driven by performance from the DPG business which was associated with the prior year dropdown from Delek. The second quarter 2026 EBITDA included $0.1 million of transaction costs and $24.0 million of sales-type lease accounting impacts. For the second quarter 2026, Adjusted EBITDA was $143.5 million compared to $127.4 million in the second quarter 2025.

Distribution and Liquidity

On July 22, 2026, Delek Logistics declared a quarterly cash distribution of $1.135 per common limited partner unit for the second quarter 2026. This distribution will be paid on August 10, 2026 to unitholders of record on August 3, 2026. This represents a 1.8% increase over Delek Logistics’ second quarter 2025 distribution of $1.115 per common limited partner unit.

As of June 30, 2026, Delek Logistics had total debt of approximately $2.4 billion and cash of $13.7 million and a leverage ratio of approximately 4.23x. Additional borrowing capacity under the $1.3 billion third party revolving credit facility increased to $1.1 billion.

Consolidated Operating Results

Adjusted EBITDA in the second quarter 2026 was $143.5 million compared to $127.4 million in the second quarter 2025. The $16.1 million increase in Adjusted EBITDA reflects higher margins and increased interest income related to sales-type leases.

Gathering and Processing Segment

Adjusted EBITDA in the second quarter 2026 was $104.1 million compared with $78.0 million in the second quarter 2025. The increase was primarily due to increased margins.

Wholesale Marketing and Terminalling Segment

Adjusted EBITDA in the second quarter 2026 was $12.6 million, compared with second quarter 2025 Adjusted EBITDA of $23.3 million. The decrease was primarily due to the termination of the East Texas marketing agreement with Delek Holdings and a decrease in wholesale margins.

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Storage and Transportation Segment

Adjusted EBITDA in the second quarter 2026 was $16.3 million, compared with $16.9 million in the second quarter 2025.The decrease was primarily due to decreased income from sales-type leases.

Investments in Pipeline Joint Ventures Segment

During the second quarter 2026, Adjusted EBITDA from equity method investments was $20.7 million compared to $17.0 million in the second quarter 2025. The increase was primarily due to increase in income from W2W, partially offset by a decrease in income from our investments in our other joint ventures.

Corporate

Adjusted EBITDA in the second quarter 2026 was a loss of $10.1 million compared to a loss of $7.9 million in the second quarter 2025.

Second Quarter 2026 Results | Conference Call Information

Delek Logistics will hold a conference call to discuss its second quarter 2026 results on Wednesday, August 5, 2026 at 11:30 a.m. Central Time. Investors will have the opportunity to listen to the conference call live by going to www.DelekLogistics.com. Participants are encouraged to register at least 15 minutes early to download and install any necessary software. An archived version of the replay will also be available at www.DelekLogistics.com for 90 days.

About Delek Logistics Partners, LP

Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services. Delek US Holdings, Inc. ("Delek US") owns the general partner interest as well as a majority limited partner interest in Delek Logistics, and is also a significant customer.

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These statements contain words such as “possible,” “believe,” “should,” “could,” “would,” “predict,” “plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,” “expect” or similar expressions, as well as statements in the future tense. Forward-looking statements include, but are not limited to, anticipated performance and financial position; statements regarding future growth at Delek Logistics; distributions and the amounts and timing thereof; potential dropdown inventory; projected benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity Water Midstream acquisitions; expected earnings or returns from joint ventures or other acquisitions; expansion projects; ability to create long-term value for our unit holders; financial flexibility and borrowing capacity; and distribution growth.

Investors are cautioned that the following important factors, including among others, may affect these forward-looking statements: the fact that a significant portion of Delek Logistics' revenue is derived from Delek US, thereby subjecting us to Delek US' business risks; political or regulatory developments, including tariffs, taxes and changes in governmental policies relating to crude oil, natural gas, refined products or renewables; risks and costs relating to the age and operational hazards of our assets including, without limitation, costs, penalties, regulatory or legal actions and other effects related to releases, spills and other hazards inherent in transporting and storing crude oil and intermediate and finished petroleum products; Delek Logistics' ability to realize cost reductions; the impact of adverse market conditions affecting the utilization of Delek Logistics' assets and business performance, including margins generated by its wholesale fuel business; risks and uncertainties with respect to the possible benefits of the Delaware Gathering, Permian Gathering, H2O Midstream and Gravity transactions, as well as from integration post-closing; risks related to exposure to Permian Basin crude oil, such as supply, pricing, gathering, production and transportation capacity; uncertainties regarding actions by OPEC and non-OPEC oil producing countries impacting crude oil production and pricing; an inability of Delek US to grow as expected as it relates to our potential future growth opportunities, including dropdowns, and other potential benefits; projected capital expenditures; scheduled turnaround activity; the results of our investments in joint ventures; and other risks as disclosed in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports and filings with the United States Securities and Exchange Commission.

Forward-looking statements should not be read as a guarantee of future performance or results and will not be accurate indications of the times at, or by, which such performance or results will be achieved.

Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Delek Logistics undertakes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof, except as required by applicable law or regulation.

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Non-GAAP Disclosures

Our management uses certain "non-GAAP" operational measures to evaluate our operating segment performance and non-GAAP financial measures to evaluate past performance and prospects for the future to supplement our financial information presented in accordance with United States ("U.S.") Generally Accepted Accounting Principles ("GAAP"). These financial and operational non-GAAP measures are important factors in assessing our operating results and profitability and include:

•Earnings before interest, taxes, depreciation and amortization ("EBITDA") - calculated as net income before interest, income taxes, depreciation and amortization and proportional interest, taxes, depreciation and amortization of equity method investments.

•Adjusted EBITDA - EBITDA adjusted for throughput and storage fees associated with the lease component of commercial agreements subject to sales-type lease accounting and certain identified infrequently occurring items, non-cash items, and items that are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.

•Distributable cash flow - calculated as net cash flow from operating activities adjusted for changes in assets and liabilities, maintenance capital expenditures net of reimbursements, sales-type lease receipts, net of income recognized and other adjustments.

•Distributable cash flow, as adjusted - calculated as distributable cash flow adjusted to exclude significant, infrequently occurring transaction costs.

Our EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted, measures are non-GAAP supplemental financial measures that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:

•Delek Logistics' operating performance as compared to other publicly traded partnerships in the midstream energy industry, without regard to historical cost basis or, in the case of EBITDA and Adjusted EBITDA, financing methods;

•the ability of our assets to generate sufficient cash flow to make distributions to our unitholders on a current and on-going basis;

•Delek Logistics' ability to incur and service debt and fund capital expenditures; and

•the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.

We believe that the presentation of these non-GAAP measures provide information useful to investors in assessing our financial condition and results of operations and assists in evaluating our ongoing operating performance and liquidity for current and comparative periods. Non-GAAP measures should not be considered alternatives to net income, operating income, cash flow from operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings, net cash provided by operating activities and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. Additionally, because EBITDA, Adjusted EBITDA, distributable cash flow and distributable cash flow, as adjusted may be defined differently by other partnerships in our industry, our definitions may not be comparable to similarly titled measures of other partnerships, thereby diminishing their utility. See the accompanying tables in this earnings release for a reconciliation of these non-GAAP measures to the most directly comparable GAAP measures. However, due to the inherent difficulty and impracticability of estimating certain amounts required by U.S. GAAP with a reasonable degree of certainty at this time without unreasonable effort and imprecision, we have not provided a reconciliation of forward-looking Adjusted EBITDA guidance.

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Delek Logistics Partners, LP

Consolidated Balance Sheets (Unaudited)

(In thousands, except unit data)

June 30, 2026 December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 13,705 $ 10,892

Accounts receivable 134,869 114,544

Accounts receivable from related parties 259,578 216,641

Lease receivable - affiliate 33,158 36,362

Inventory 23,708 17,913

Other current assets 5,129 4,416

Total current assets 470,147 400,768

Property, plant and equipment:

Property, plant and equipment 1,936,429 1,827,530

Less: accumulated depreciation (460,068) (403,523)

Property, plant and equipment, net 1,476,361 1,424,007

Equity method investments 335,690 340,070

Customer relationship intangibles, net 221,923 233,022

Other intangibles, net 145,700 137,439

Goodwill 12,203 12,203

Operating lease right-of-use assets 8,957 11,683

Finance lease right-of-use assets 29,256 27,802

Net investment in leases - affiliate 156,426 185,656

Other non-current assets 13,801 6,618

Total assets $ 2,870,464 $ 2,779,268

LIABILITIES AND PARTNERS' (DEFICIT) EQUITY

Current liabilities:

Accounts payable $ 427,051 $ 292,908

Interest payable 24,356 30,557

Excise and other taxes payable 21,194 16,569

Current portion of operating lease liabilities 2,170 3,027

Current portion of finance lease liabilities 9,834 8,310

Accrued expenses and other current liabilities 4,690 5,122

Total current liabilities 489,295 356,493

Non-current liabilities:

Long-term debt, net of current portion 2,372,717 2,344,420

Operating lease liabilities, net of current portion 2,582 3,551

Finance lease liabilities, net of current portion 20,494 20,289

Asset retirement obligations 26,157 24,278

Other non-current liabilities 28,510 24,123

Total non-current liabilities 2,450,460 2,416,661

Total liabilities 2,939,755 2,773,154

Partners' (deficit) equity:

Common unitholders - public; 19,688,283 units issued and outstanding at June 30, 2026 (19,643,923 at December 31, 2025) 488,877 510,376

Common unitholders - Delek Holdings; 33,508,831 units issued and outstanding at June 30, 2026, exclusive of 359,372 issued units held by the Partnership in Treasury (33,868,203 issued and outstanding at December 31, 2025) (558,168) (504,262)

Total partners' (deficit) equity (69,291) 6,114

Total liabilities and partners' (deficit) equity $ 2,870,464 $ 2,779,268

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Delek Logistics Partners, LP

Consolidated Statement of Income and Comprehensive Income (Unaudited)

(In thousands, except unit and per unit data)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Net revenues:

Affiliate $ 204,764 $ 114,083 $ 371,454 $ 240,404

Third party 179,996 132,267 310,772 255,876

Net revenues 384,760 246,350 682,226 496,280

Cost of sales:

Cost of materials and other - affiliate 148,955 84,411 257,140 174,377

Cost of materials and other - third party 90,007 34,950 150,433 74,036

Operating expenses (excluding depreciation and amortization presented below) 42,794 37,525 89,390 78,155

Depreciation and amortization 36,914 25,879 72,267 52,377

Total cost of sales 318,670 182,765 569,230 378,945

Operating expenses related to wholesale business (excluding depreciation and amortization presented below) 543 549 992 904

General and administrative expenses 3,280 8,944 7,554 17,808

Depreciation and amortization 491 1,218 1,639 2,436

Other operating expense (income), net (120) 438 906 (3,848)

Total operating costs and expenses 322,864 193,914 580,321 396,245

Operating income 61,896 52,436 101,905 100,035

Interest income (22,545) (23,538) (54,830) (46,085)

Interest expense 70,090 41,711 121,682 82,812

Income from equity method investments (14,491) (10,536) (26,114) (20,686)

Other income, net (29) (20) (56) (41)

Total non-operating expenses, net 33,025 7,617 40,682 16,000

Income before income taxes 28,871 44,819 61,223 84,035

Income tax expense — 245 — 427

Net income 28,871 44,574 61,223 83,608

Comprehensive income 28,871 44,574 $ 61,223 $ 83,608

Net income per unit:

Basic $ 0.54 $ 0.83 $ 1.15 $ 1.56

Diluted $ 0.54 $ 0.83 $ 1.15 $ 1.56

Weighted average common units outstanding:

Basic 53,175,413 53,445,803 53,343,964 53,524,792

Diluted 53,240,181 53,473,271 53,430,114 53,553,227

Delek Logistics Partners, LP

Condensed Consolidated Statements of Cash Flows (In thousands) Three Months Ended June 30, Six Months Ended June 30,

(Unaudited) 2026 2025 2026 2025

Cash flows from operating activities

Net cash provided by operating activities $ 71,198 $ 107,423 $ 241,574 $ 138,973

Cash flows from investing activities

Net cash used in investing activities (59,793) (112,916) (109,091) (347,683)

Cash flows from financing activities

Net cash (used in) provided by financing activities (7,607) 4,822 (129,670) 204,762

Net decrease in cash and cash equivalents 3,798 (671) 2,813 (3,948)

Cash and cash equivalents at the beginning of the period 9,907 2,107 10,892 5,384

Cash and cash equivalents at the end of the period $ 13,705 $ 1,436 $ 13,705 $ 1,436

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Delek Logistics Partners, LP

Reconciliation of Amounts Reported Under U.S. GAAP (Unaudited)

(In thousands)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Reconciliation of Net Income to EBITDA:

Net income $ 28,871 $ 44,574 $ 61,223 $ 83,608

Add:

Income tax expense — 245 — 427

Depreciation and amortization 37,405 27,097 73,906 54,813

Proportional interest, taxes, depreciation and amortization from equity-method investments 6,219 6,505 12,915 13,170

Interest expense, net 47,545 18,173 66,852 36,727

EBITDA 120,040 96,594 214,896 188,745

Throughput and storage fees for sales-type leases 24,033 27,406 59,414 55,112

DPG Inventory Impact (34) 900 265 900

Transaction costs 138 2,496 1,299 5,845

Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements $ (716) $ — (129) —

Adjusted EBITDA $ 143,461 $ 127,396 $ 275,745 $ 250,602

Reconciliation of net cash from operating activities to distributable cash flow:

Net cash provided by operating activities $ 71,198 $ 107,423 $ 241,574 $ 138,973

Changes in assets and liabilities 14,744 (37,602) (79,488) (5,522)

Non-cash lease expense (1,747) (1,352) (2,848) (3,619)

Net distributions from equity method investments in investing activities 3,064 3,443 8,089 5,570

Regulatory and sustaining capital expenditures not distributable (9,552) (4,598) (13,628) (5,243)

Reimbursement from Delek Holdings for capital expenditures 10 10 22 19

Sales-type lease receipts, net of income recognized 1,488 3,868 4,584 9,027

Other non-cash adjustments 1,164 (1,154) 297 2,538

Distributable Cash Flow 80,369 70,038 158,602 141,743

Transaction costs 138 2,496 1,299 5,845

Distributable Cash Flow, as adjusted (1)

$ 80,507 $ 72,534 $ 159,901 $ 147,588

(1) Distributable cash flow adjusted to exclude transaction costs primarily associated with the H2O Midstream Acquisition and Gravity Acquisition.

Delek Logistics Partners, LP

Distributable Coverage Ratio Calculation (Unaudited)

(In thousands)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Distributions to partners of Delek Logistics, LP $ 60,379 $ 59,612 $ 120,459 $ 118,932

Distributable cash flow $ 80,369 $ 70,038 $ 158,602 $ 141,743

Distributable cash flow coverage ratio (1)

1.33x 1.17x 1.32x 1.19x

Distributable cash flow, as adjusted 80,507 72,534 $ 159,901 $ 147,588

Distributable cash flow coverage ratio, as adjusted (2)

1.33x 1.22x 1.33x 1.24x

(1) Distributable cash flow coverage ratio is calculated by dividing distributable cash flow by distributions to be paid in each respective period.

(2) Distributable cash flow coverage ratio, as adjusted is calculated by dividing distributable cash flow, as adjusted for transaction costs by distributions to be paid in each respective period.

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Delek Logistics Partners, LP

Segment Data (Unaudited)

(In thousands)

Three Months Ended June 30, 2026

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 63,137 $ 115,853 $ 25,774 $ — $ — $ 204,764

Third party 132,002 46,875 1,119 — — 179,996

Total revenue $ 195,139 $ 162,728 $ 26,893 $ — $ — $ 384,760

Adjusted EBITDA $ 104,058 $ 12,552 $ 16,280 $ 20,710 $ (10,139) $ 143,461

Transaction costs — — — — 138 138

DPG Inventory Impact (34) — — — — (34)

Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements (716) — — — — (716)

Throughput and storage fees for sales-type leases 11,422 3,942 8,669 — — 24,033

Segment EBITDA $ 93,386 $ 8,610 $ 7,611 $ 20,710 $ (10,277) 120,040

Depreciation and amortization $ 33,870 $ 762 $ 2,000 $ — $ 773 37,405

Proportional interest, taxes, depreciation and amortization from equity-method investments $ — $ — $ — $ 6,219 $ — 6,219

Interest income $ (10,004) $ (4,089) $ (8,452) $ — $ — (22,545)

Interest expense $ — $ — $ — $ — $ 70,090 70,090

Income tax expense —

Net income $ 28,871

Six Months Ended June 30, 2026

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 112,383 $ 209,779 $ 49,292 $ — $ — $ 371,454

Third party 237,432 70,745 2,595 — — 310,772

Total revenue $ 349,815 $ 280,524 $ 51,887 $ — $ — $ 682,226

Adjusted EBITDA $ 186,986 $ 26,866 $ 41,442 $ 39,029 $ (18,578) $ 275,745

Transaction costs — — — — 1,299 1,299

DPG Inventory Impact 265 — — — — 265

Unrealized inventory/commodity hedging (gain) loss where the hedged item is not yet recognized in the financial statements (129) — — — — (129)

Throughput and storage fees for sales-type leases 22,844 8,494 28,076 — — 59,414

Segment EBITDA $ 164,006 $ 18,372 $ 13,366 $ 39,029 $ (19,877) 214,896

Depreciation and amortization 67,111 1,530 3,725 — 1,540 73,906

Proportional interest, taxes, depreciation and amortization from equity-method investments — — — 12,915 — 12,915

Interest income (20,162) (8,106) (26,562) — — (54,830)

Interest expense — — — — 121,682 121,682

Income tax expense —

Net income $ 61,223

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Three Months Ended June 30, 2025

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 39,098 $ 52,367 $ 22,618 $ — $ — $ 114,083

Third party 78,669 52,248 1,350 — — 132,267

Total revenue $ 117,767 $ 104,615 $ 23,968 $ — $ — $ 246,350

Adjusted EBITDA $ 77,984 $ 23,307 $ 16,928 $ 17,041 $ (7,864) $ 127,396

Transaction costs — — — — 2,496 2,496

DPG Inventory Impact 900 — — — — 900

Throughput and storage fees not included in revenue 13,137 4,368 9,901 — — 27,406

Segment EBITDA $ 63,947 $ 18,939 $ 7,027 $ 17,041 $ — $ (10,360) 96,594

Depreciation and amortization $ 24,085 $ 952 $ 1,301 $ — $ 759 27,097

Proportional interest, taxes, depreciation and amortization from equity-method investments $ — $ — $ — $ 6,505 $ — 6,505

Interest income (11,113) (4,109) (8,316) — — (23,538)

Interest expense $ — $ — $ — $ — $ 41,711 41,711

Income tax expense 245

Net income $ 44,574

Six Months Ended June 30, 2025

Gathering and Processing Wholesale Marketing and Terminalling Storage and Transportation Investments in Pipeline Joint Ventures Corporate and Other Consolidated

Net revenues:

Affiliate $ 77,665 $ 117,075 $ 45,664 $ — $ — $ 240,404

Third party 158,705 94,239 2,932 — — 255,876

Total revenue $ 236,370 $ 211,314 $ 48,596 $ — $ — $ 496,280

Adjusted EBITDA $ 159,059 $ 41,057 $ 31,399 $ 33,856 $ (14,769) $ 250,602

Transaction costs — — — — 5,845 5,845

DPG Inventory Impact 900 — — — — 900

Throughput and storage fees not included in revenue 26,273 8,881 19,958 — — 55,112

Segment EBITDA $ 131,886 $ 32,176 $ 11,441 $ 33,856 $ (20,614) 188,745

Depreciation and amortization $ 48,808 $ 1,904 $ 2,582 $ — $ 1,519 54,813

Proportional interest, taxes, depreciation and amortization from equity-method investments $ — $ — $ — $ 13,170 $ — 13,170

Interest income (22,478) (8,270) (15,337) — — (46,085)

Interest expense $ — $ — $ — $ — $ 82,812 82,812

Income tax expense 427

Net income $ 83,608

8 |

Delek Logistics Partners, LP

Segment Capital Spending

(In thousands)

Three Months Ended June 30, Six Months Ended June 30, 2026

Gathering and Processing 2026 2025 2026 2025

Regulatory capital spending $ 1,987 $ — $ 2,875 $ —

Sustaining capital spending 6,686 2,627 9,602 2,640

Growth capital spending 50,950 114,591 96,665 185,889

Segment capital spending 59,623 117,218 109,142 188,529

Wholesale Marketing and Terminalling

Regulatory capital spending 10 — 74 11

Sustaining capital spending 67 65 80 144

Growth capital spending 373 — 407 —

Segment capital spending 450 65 561 155

Storage and Transportation

Regulatory capital spending 15 799 13 1,020

Sustaining capital spending 786 1,107 983 1,428

Segment capital spending 801 1,906 996 2,448

Consolidated

Regulatory capital spending 2,012 799 2,962 1,031

Sustaining capital spending 7,539 3,799 10,665 4,212

Growth capital spending 51,323 114,591 97,072 185,889

Total capital spending $ 60,874 $ 119,189 $ 110,699 $ 191,132

Delek Logistics Partners, LP

Segment Operating Data (Unaudited)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Gathering and Processing Segment:

Throughputs (average bpd)

El Dorado Assets:

Crude pipelines (non-gathered) 74,197 71,220 68,068 66,580

Refined products pipelines to Enterprise Systems 52,059 53,597 48,379 54,797

El Dorado Gathering System 9,737 9,983 9,485 10,151

East Texas Crude Logistics System 34,259 33,101 30,791 30,027

Midland Gathering System 209,957 207,183 214,057 209,059

Plains Connection System 176,680 158,881 194,421 169,004

Delaware Gathering Assets:

Natural Gas Gathering and Processing (Mcfd(1))

80,715 60,940 72,355 60,378

Crude Oil Gathering (average bpd) 157,156 137,167 143,380 129,737

Water Disposal and Recycling (average bpd) 105,396 116,504 108,269 122,468

Midland Water Gathering System:

Water Disposal and Recycling (average bpd) (3)

701,435 600,891 679,223 613,817

Wholesale Marketing and Terminalling Segment:

East Texas - Tyler Refinery sales volumes (average bpd) (2)

— 67,516 — 67,695

West Texas marketing throughputs (average bpd) 4,191 10,757 7,960 10,791

West Texas gross margin per barrel $ 2.88 $ 4.12 $ 3.65 $ 2.88

Terminalling throughputs (average bpd) (4)

159,363 150,971 147,619 144,030

(1) Mcfd - average thousand cubic feet per day.

(2) East Texas Marketing agreement was terminated on January 1, 2026.

(3) Includes freshwater sales of 119,653 bpd and 119,383 bpd for the three and six months ended June 30, 2026, respectively, and 14,765 bpd and 13,697 bpd for the three and six months ended June 30, 2025, respectively.

(4) Consists of terminalling throughputs at our Tyler, Big Spring, Big Sandy and Mount Pleasant, Texas terminals, our El Dorado and North Little Rock, Arkansas terminals and our Memphis and Nashville, Tennessee terminals.

9 |

Investor Relations and Media/Public Affairs Contact:

investor.relations@delekus.com

Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (https://www.deleklogistics.com/investor-relations), news webpage (https://www.deleklogistics.com/news-releases) and its X account (@DelekLogistics).

10 |

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